House GOP Wants to Trade Spending Cuts for Raising the Borrowing Limit; White House Balks at Such Negotiations

House Speaker John Boehner argued Thursday that lawmakers and President Barack Obama should agree to a new round of budget cuts or other conservative priorities as elements of a bill that would raise the nation's debt ceiling.

The move came as legislative leaders struggled to find a way forward in talks on several pressing fiscal issues. Democrats immediately dismissed Mr. Boehner's proposal to link the debt ceiling with GOP policy...